Overview of KASE equity market in December 2022

/KASE, January 12, 2023/ – Kazakhstan Stock Exchange (KASE) presents an overview of the equity market in December 2022. December has become one of the most successful months for the local stock market in 2022. Almost all shares of index companies grew significantly in price, and KASE Index itself added 6.1 %. Overall, since the beginning of the year, KASE Index has decreased by 11.5 % to 3,251.64 points. -------------------------------------------------------------- Volume, bn tenge Δ, % Δ, % ----------------- December November from 30 30 01.01.22 December November ---------- -------- -------- ---- ---------- -------- -------- KASE Index 3,251.64 3,064.93 +6.1 -11.5 2.70 4.10 -------------------------------------------------------------- ---------------------------------------------------------------- Last price, Δ, % Trade volume, tenge per share mln tenge ------------------------- ------------------------ 30 30 Δ, % from December November 01.01.22 December November Δ, % ---- --------- --------- ----- -------- -------- -------- ------ KZTO 734.00 563.89 +30.2 -32.9 296.0 334.6 -11.5 KCEL 1,725.00 1,540.00 +12.0 +6.0 444.0 945.8 -53.1 KZTK 28,362.32 26,060.00 +8.8 -20.8 324.9 218.8 +48.5 CCBN 640.00 607.01 +5.4 +60.8 181.2 156.7 +15.6 HSBK 126.47 121.89 +3.8 -32.4 537.2 1,685.3 -68.1 KEGC 1,620.02 1,568.00 +3.3 -13.4 291.2 120.4 +141.9 KZAP 12,874.00 12,549.00 +2.6 -23.8 474.1 207.8 +128.2 KSPI 33,196.50 33,600.01 -1.2 -36.5 119.4 384.4 -68.9 ---------------------------------------------------------------- Common shares of KazTransOil JSC (KZTO) during the first half of 2022 decreased in price by 37.4 %. At the beginning of the second half of the year, the price continued to decline, but in December it recovered immediately by 30.2 %. As a result, the decrease at the end of the year amounted to 32.9 %. Since December 27, the company has approved a tariff for the transportation of oil of Russian origin for the purpose of transit through the territory of the Republic of Kazakhstan to the Republic of Uzbekistan in the amount of 27.9 US dollars per ton. On December 30, KazTransOil JSC sent an application for the transportation of 1.2 mln tons of Kazakh oil in 2023 through the system of main oil pipelines of Transneft PJSC in the direction of the Adamova Zastava oil custody transfer station for further export to Germany. Kcell shares (KCEL) also showed double-digit growth rates in December thanks to which they managed to close the year in green territory with a growth of 6.0 %. On December 9 Fitch Ratings has affirmed the long-term default rating of Kcell JSC at BB+, with a "Stable" outlook. On December 21-23, a consortium represented by Kcell JSC and Mobile Telecom-Service LLP won the auction for the sale of radio frequencies for the introduction and development of fifth-generation 5G cellular communications with a spectrum of 3600-3700 MHz and 3700-3800 MHz. The total amount of two lots amounted to 156 bn tenge. Shares of the parent company Kazakhtelecom JSC (KZTK) added 8.8 % in price in December, while decreasing in price by 20.8 % in annual terms. On December 9 Fitch affirmed the credit rating of Kazakhtelecom JSC at BBB- "Stable" and affirmed its forecast of an increase in the company's revenue. Shares of Bank CenterCredit JSC (CCBN) during the year rose in price by 60.8 %, while in December the growth was 5.4 %. On December 14, 2022 international rating agency Moody's Investors Service affirmed the bank's long- term deposit ratings in national and foreign currencies and raised its outlook from "Stable" to "Positive". Common shares of Halyk Savings Bank of Kazakhstan JSC (HSBK) close for the second consecutive month in the green zone, recovering part of the decline in the first half of the year. At the end of the year, the shares decreased in price by 32.4 %. With a decrease of 1.2 % closed December common shares of Kaspi.kz JSC. According to the results of the first half of 2022, the shares decreased in value by 53.6 %, of which by 45.4 % in January-February. In the second half of 2022, due to the buyback of GDRs and the payment of dividends, the fall was partially won back. As a result, the price of common shares decreased by 36.5%during 12 months. KASE equity market Capitalization of the equity market as of the end of December amounted to 21.2 trln tenge (45.9 bn USD), having decreased by 1.5 bn tenge or 6.5 % over the month. Since the beginning of the year, the capitalization of the equity market has decreased by 26.4 %, or 7.6 trln tenge. As of the end of December, shares of 114 names of 100 issuers were on the Exchange's trading lists, of which shares of four names of four issuers were admitted to circulation in the "unlisted securities" sector. ------------------------------------------------------------- 30 Dec 30 Nov Chg. Chg., % ----------------------- --------- --------- --------- ------- Capitalization, bn KZT 21,163.58 22,630.28 -1,466.70 -6.5 Capitalization, mln USD 45,909.98 48,310.92 -2,400.94 -5.0 ------------------------------------------------------------- Change in prices of shares included in the representative list for calculating the capitalization of the equity market, as of December 30 2022: --------------------------------------------------------- Issuer Price chg. / (data of last Chg., % deal) ---------------------- -------------------------- ------- AK Altynalmas JSC 25,790.00 14,231.79 +81,2 (ALMS) (30.12.22) (02.03.21) NOSTRUM OIL & GAS PLC 22.82 17.02 +34,1 (GB_NTRM) (30.12.22) (30.11.22) KazTransOil JSC 734.00 563.89/ +30,2 (KZTO) (30.12.22) (30.11.22) Tengri Partners 2,740.00 2,500.00 +9,6 Investment Banking (30.12.22) (29.03.22) (Kazakhstan) JSC (TPIB) ForteBank JSC 4.08 3.60 +13,3 (ASBN) (30.12.22) (30.11.22) Kcell JSC (KCEL) 1,725.00 1,540.00 +12,0 (30.12.22) (30.11.22) Kazakhtelecom JSC 22,500.00 20,400.00 +10,3 (KZTKp) (30.12.22) (30.11.22) Kazakhtelecom JSC 28,362.32 26,060.00 +8,8 (KZTC) (30.12.22) (30.11.22) BAST JSC 10,699.00 9,723.00 +10,0 (BAST) (30.12.22) (30.11.22) Bank CenterCredit JSC 640.00 607.01 +5,4 (CCBN) (30.12.22) (30.11.22) National Company 9,430.00 12,837.90 -26,5 "KazMunayGas" (30.12.22) (06.08.15) JSC (KMGZ) Subsidiary 660.50 788.50 -16,2 Aktobe-Temir-VS (26.12.22) (14.06.21) JSC (ATVS) --------------------------------------------------------- * the table provides changes in prices of the shares exceeding +/- 5%. Since the beginning of the year, the Exchange's official list has included common shares of five names of five issuers, including four new ones, listed on KASE for the first time (Eurasian Financial Company JSC, Maikuben-West JSC, Akbakai Gold Resources JSC and Aidarly Project and one operating issuer (IC "Sinoasia B&R" JSC"). In the "unlisted securities" sector, ordinary shares of Kokshe JSC were admitted to trading. Since the beginning of the year, shares of 13 names have been excluded from the Exchange's trading list, of which, in the fourth quarter, shares of seven names were excluded from the Exchange's official list: common and preferred shares of Zhayrem Mining and Processing Plant JSC, common shares of Insurance Company London-Almaty JSC, Altyntau Kokshetau JSC, Life Insurance Company "Kommesk-Omir" JSC and Subsidiary of Halyk Bank of Kazakhstan – Insurance Company "Halyk" JSC on the initiative of their issuer and ordinary shares of Eurasian Financial Company JSC due to non- compliance with the requirement on opening of trades in the specified shares within the terms, established by sub-item 1) of item 2 of article 11-1 of the internal document of KASE "Rules of execution of exchange activities". [2023-01-12]